Following from Business Speculator...
"Opes’ business model is, or rather was, that it lends as a finance broker on commission on behalf of ANZ and Merrill Lynch and takes full ownership of the scrip provided as collateral. It then lends that stock for a fee to short sellers, along with stock provided by institutional investors – for another fee."
http://www.businessspectator.com.au/bs.nsf/Article/Billion-dollar-bust-D64HQ?OpenDocument&gclid=CJnk6fS0r5ICFRImawodzl6FQg
If PT is not included...how come?
phillip thomas explains all, page-38
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0.9¢ |
Change
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Mkt cap ! $14.66M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 490000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 3393788 | 2 |
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